Consolidated statement of cash flows
In € millions |
Note |
|
2017* |
|
2018 |
||
|
|||||||
Profit for the period from continuing operations |
|
511 |
|
455 |
|
||
|
|
|
|
|
|
||
Adjustments to reconcile earnings to cash generated from operating activities |
|
|
|
|
|
||
Amortization and depreciation |
276 |
|
239 |
|
|||
Impairment losses |
(4) |
|
1 |
|
|||
Financing income and expenses |
78 |
|
52 |
|
|||
Results from associates and joint ventures |
(17) |
|
(20) |
|
|||
Pre-tax result on acquisitions and divestments |
(27) |
|
(42) |
|
|||
Income tax |
253 |
|
118 |
|
|||
Changes in working capital |
(105) |
|
(177) |
|
|||
Changes in provisions |
(338) |
|
(203) |
|
|||
Interest paid |
|
(81) |
|
(89) |
|
||
Income tax paid |
|
(266) |
|
(164) |
|
||
Other changes |
|
(2) |
|
(8) |
|
||
Net cash from operating activities |
|
|
278 |
|
162 |
||
Capital expenditures |
(250) |
|
(160) |
|
|||
Interest received |
|
12 |
|
47 |
|
||
Dividends from associates and joint ventures |
|
7 |
|
7 |
|
||
Acquisition of consolidated companies |
(80) |
|
(128) |
|
|||
Investments in short-term investments |
– |
|
(5,541) |
|
|||
Repayments of short-term investments |
– |
|
80 |
|
|||
Proceeds from divestments |
|
41 |
|
54 |
|
||
Other changes |
|
(14) |
|
(27) |
|
||
Net cash used for investing activities |
|
|
(284) |
|
(5,668) |
||
Proceeds from borrowings |
922 |
|
607 |
|
|||
Borrowings repaid |
(337) |
|
(1,529) |
|
|||
Repurchase of shares |
|
(160) |
|
– |
|
||
Dividends paid |
|
(1,184) |
|
(636) |
|
||
Buy-out of non-controlling interests |
|
– |
|
(437) |
|
||
Other changes |
|
– |
|
5 |
|
||
Net cash used for financing activities |
|
|
(759) |
|
(1,990) |
||
|
|
|
|
|
|
||
Net cash used for Continuing operations |
|
|
(765) |
|
(7,496) |
||
Net cash from discontinued operations |
|
660 |
|
8,958 |
|||
Net change in cash and cash equivalents of continued and Discontinued operations |
|
|
(105) |
|
1,462 |
||
|
|
|
|
|
|
||
Net Cash and cash equivalents at January 1 |
|
1,441 |
|
1,278 |
|||
Effect of exchange rate changes on cash and cash equivalents |
|
|
(58) |
|
(8) |
||
Net cash and cash equivalents at December 31 |
|
|
1,278 |
|
2,732 |
||